Creating jobs and fostering growth. Venture capital is important to facilitate the commercialization of BC’s research and innovation investments in knowledge-based industries.
A $90 million commitment was made to venture capital investments through the B.C. Renaissance Capital Fund Ltd. (BCRCF) which is a subsidiary of BCIIF.
The BCRCF has invested with eight venture capital fund managers. This “fund of funds” model is conceived to attract successful venture capital managers and their capital to British Columbia to invest in four key technology sectors: digital media, information technology, life sciences and clean technology.
In addition to capital, the BCRCF fund managers provide the international global connections required to build globally competitive companies and take them into international markets.